Common use of Provisions Applicable to Termination of Employment Clause in Contracts

Provisions Applicable to Termination of Employment. A. Notice of Termination; Date of Termination ------------------------------------------ (1) Any termination of the Executive's employment by the Company or the Executive shall be communicated by written Notice of Termination to the other party thereto. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated. Furthermore, either the Executive or the Company may give a Notice of Termination to the other party for the purpose of terminating this Agreement, as such, without terminating the Executive's employment with the Company, which Notice of Termination shall have the effect of terminating this Agreement at the expiration of the Contract Term as in effect on the date of giving such Notice of Termination.